Overcoming fear is hard especially when this happens repeatedly. People hold their coins in the hope of gaanong its value and selling it to the highest price and gain profit from it. We are just sometimes afraid or we experience panicking of what if the will fall, i should maybe sell it while There's only small profit or what if i don't hold it? The value might skyrocket and miss the opportunity. One thing we should take in mind, we just need to not to panic. This will lead is to much bigger loss. And your experience will be your shield against this fear.
I think overcome the fear depend on the experiences, if you get that trouble you will know how to overcome it in the next day. Facing it always is a big problem with traders who don't have experiences. 
Topic: How to overcome the fear of holding? - page 35. (Read 4533 times)
Overcoming fear is hard especially when this happens repeatedly. People hold their coins in the hope of gaanong its value and selling it to the highest price and gain profit from it. We are just sometimes afraid or we experience panicking of what if the will fall, i should maybe sell it while There's only small profit or what if i don't hold it? The value might skyrocket and miss the opportunity. One thing we should take in mind, we just need to not to panic. This will lead is to much bigger loss. And your experience will be your shield against this fear.
I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.
How do you traders do it, hold and hold and hold. Waiting around for more and more money?
How do you traders do it, hold and hold and hold. Waiting around for more and more money?
I'm not much of a holder but I think it comes from a really strong inner belief that the value of the coin will continue to increase, if you do not have this then it is only logical that you would sell the coin as you do not 'fully' believe in it.
Simply forget about your coins. Stop to read any news related and stop to check the price daily or 2-3 times a day. You will have less stress and so less fear of your coins. Do it at least 1 month and you will see. 1 month is nothing in a life. After a month just do your usual stuff once a week, check the rate, read some news, ect, close everything and keep rolling the life.
I do not think that this is the right solution for that. How can person ignore his investment and specially if he is a short term trader, he need to check the price from time to time and take a right decision in a right time. I think best option can be to invest such amount of money that we can easily bare to lose. Through this way I think we can minimize the fear of holding bitcoin or any other altocin. 
I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.
How do you traders do it, hold and hold and hold. Waiting around for more and more money?
How do you traders do it, hold and hold and hold. Waiting around for more and more money?
That depends on what are you holding man, I only trade main cryptocurrencies, for example, Ripple and ETH, but I never trade BTC. Because that's where I'm putting 30% of my earnings. In my opinion most of the traders dont hold, but they observe the market (if you are a Full time trader) they are observing the coins that would likely to go up and then take advantage of the pumps and dumps. This is so time consuming and sometimes will give you a headache. Full time trading are for those people who really want to earn, sometimes a minute late in trading gives you a lot of losses. Always set your price and always safe your funds before going to sleep or else your coin might lose the price in the other day.
It's not just waiting, its observing, solving and making the best returns possible, it's not holding its waiting patiently on what is the best time to sell. Trading is not just the casual hold and sell at higher prices. Trading is between the extremes of buy and sell. If you just want to hold then go tot BTC or ETH instead.
Well, for me holding is a form of savings because you can make it anytime to sell. But you have to control your emotions weather some bad news and speculation formulating to make you panic don't easily get in because thats what you failled in doing your dreams to be true.
I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.
How do you traders do it, hold and hold and hold. Waiting around for more and more money?
How do you traders do it, hold and hold and hold. Waiting around for more and more money?
That depends on what are you holding man, I only trade main cryptocurrencies, for example, Ripple and ETH, but I never trade BTC. Because that's where I'm putting 30% of my earnings. In my opinion most of the traders dont hold, but they observe the market (if you are a Full time trader) they are observing the coins that would likely to go up and then take advantage of the pumps and dumps. This is so time consuming and sometimes will give you a headache. Full time trading are for those people who really want to earn, sometimes a minute late in trading gives you a lot of losses. Always set your price and always safe your funds before going to sleep or else your coin might lose the price in the other day.
It's not just waiting, its observing, solving and making the best returns possible, it's not holding its waiting patiently on what is the best time to sell. Trading is not just the casual hold and sell at higher prices. Trading is between the extremes of buy and sell. If you just want to hold then go tot BTC or ETH instead.
Fear of holding ? Did you know that any holder that purchased this year BTC have earned 1k% roi ?
That doesn't really address the OP's question. The risk profiles of buying at $8200 today vs. buying at $750 in January are very different. While I do think that BTC will climb higher as we head into the new year, I would be very nervous about long term investment at this level.
If I were buying in for the first time today, I'd probably be looking to sell on a 50-100% gain, then re-buy during the eventual crash. The parabola can't continue forever. It might feel like a "new paradigm" now, but there will be some brutal shakeouts along the way to million dollar bitcoins.
Fear of holding ? Did you know that any holder that purchased this year BTC have earned 1k% roi ?
What I am doing is buy coin and live it for what ever happened because I have an objective to sell them by 2019. I am holding them for long term purpose and my objective is that if any of them can go 10× I will recover my investment and the remaining will be my profits.
I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.
Waiting around for more and more money?
It is not that simple, but it is possible.Waiting around for more and more money?
There are few things that you should do while holding(lets suppose you bought coins and you want to hold them for few years)
-Forget about them
-Don't listen to FUD
-Don't read news
-Come back after few years and sell them.
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How do you traders do it, hold and hold and hold.
Traders trade and investors hold. 
I also used to trade just like you OP but I have learnt to not make early exit when you are in profit, cut your loss by selling some during dumps and take profit in different price ranges during pump. Sell only 50% if you will see 2 to 3x pump within 24 hour and hold remaining for another similar jump.
I think you are not afraid of holding but you are not ready to lose your money, so to overcome it is You must be ready to lose your money !
If you are ready for it then you will not be afraid to holding
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if afraid of holding then just sell btc and take out Your first money You put in crypto and later just play with profit money...I do that way 3 years ago and no more afraid from losing money..
If you are ready for it then you will not be afraid to holding
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if afraid of holding then just sell btc and take out Your first money You put in crypto and later just play with profit money...I do that way 3 years ago and no more afraid from losing money..
You should think about that you don't have bitcoin to hold onto, or maybe you shouldn't put pressure while holding it, don't stress yourself too much just by thinking about it. You can check the currency once a day and read a news and article, because that's what i'm doing everyday and it's also my way to on holding it.
He is not specifically talking about holding bitcoin. He is talking about holding in general. Anyway, yeah I agree with you. You should have control over your emotions. Don't panic sell on little dumps and don't sell when it pumps a little. You should know the value of the coin that you are holding, on what price it is capable of reaching. Have faith on it and don't panic on the little ups and downs on it's price. Look at what it can achieve in the long run.
You should think about that you don't have bitcoin to hold onto, or maybe you shouldn't put pressure while holding it, don't stress yourself too much just by thinking about it. You can check the currency once a day and read a news and article, because that's what i'm doing everyday and it's also my way to on holding it.
All people also same like you mate include me.
Always sell earlier, but you did good, you sell earlier with profit.
The way how to handle it is by getting more experience and learn from a mistake.
Always sell earlier, but you did good, you sell earlier with profit.
The way how to handle it is by getting more experience and learn from a mistake.
I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.
How do you traders do it, hold and hold and hold. Waiting around for more and more money?
How do you traders do it, hold and hold and hold. Waiting around for more and more money?
Hello squatz1,
Been there many times!! I am planning to start intra-day trading the crypto markets once I figure out a safe and reliable broker to use with MT4.
I understand the feeling. You take a take trade, making money, now should I exit, but what if it keep going, what if turn around on me, what about the next trade, i will feel like an idot if I miss this trade.
Questions:
1. What is your rule for profit taking?
2. Why is that your rule for profit taking? Do you have any statistically or proven evidence for this profit taking rule?
3. If you have evidence that taking profit early will overall keeping you making money consistently, why be upset when take profit? For example, if I had some type of proof from a back test or some guru trader saying "goodoboy, every trade you take 100 pts and you will make $40K in a year" i will definitely take 100 pts per trade.
You see what I mean. It's not about 1 or 2 trade, it's about consistently doing what's in your rule book for 1000 trades tha will earn you $XX,XXX per year. The rule book can be a gut feeling, dog whisper, paid service, etc. Your job is a trader is to be an unemotional money maker.
I hope that make sense.
Mate you should set a target amount to sell your bitcoin to avoid panic selling and also you should need to believed that you are invested in good coin which can gives you profit and do not scared of fluctuation of value specially when dumps happens that is normal in the crypto cureency world because the value is based on demand and supply of coins.
Also mate just invest the amount that you can afford to lose to make your self not scared to lose your capital and also i know that you know the risk of investing in crypto currency.
Also mate just invest the amount that you can afford to lose to make your self not scared to lose your capital and also i know that you know the risk of investing in crypto currency.
I think you are not afraid of holding but you are not ready to lose your money, so to overcome it is You must be ready to lose your money !
If you are ready for it then you will not be afraid to holding
If you are ready for it then you will not be afraid to holding
I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.
How do you traders do it, hold and hold and hold. Waiting around for more and more money?
How do you traders do it, hold and hold and hold. Waiting around for more and more money?
Why have fear in holding coins? Fear in holding must not have a place in us. I can say holding has a similarity to saving. If a person knows how to save for sure that person can also hold any kind of coin. The only difference of saving in holding crypto coins is that, the amount of coin you are holding is changing. When the price goes down, it will also goes down but the good thing is when it's price increases then it also increases. Meaning, you do nothing but money increases.
How to overcome?
I say ignore the bad things that makes you doubt holding. Think about the people who already gain by just holding. Think about you will lose nothing when you hold since you're not using the money in something silly. But take note, hold only the coin or coins that has the highest possibility to increase like bitcoin.
An old adage says "don't put your egg in one basket" this strategy applies for any money making scheme and multiple stream of income. This also applies to holding and investing cryptocurrency, diversify your crypto investment. The problem is you can't have a confidence to some coins that you are going to invest, to be sure just do invest and hold the top 3 or top 5 cryptocurrency in the market to avoid fear of holding, the top cryptocurrency has proven to have a good track record and performance.
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